Pre Session

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 27 points at the opening bell even though Asian stocks showed a negative trend. Trading could be volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month September 2017 series to October 2017 series. The near month September 2017 derivatives contract expire on Thursday, 28 September 2017.

Overseas, Asian stocks dropped taking cues from weak close in US stocks overnight. A sharp selloff in technology stocks dragged down the Nasdaq Composite index by around 1% yesterday, 25 September 2017, with North Korea's latest warnings to Washington adding to the downbeat mood. North Korea's foreign minister said President Donald Trump had declared war on the country and that it reserves the right to take countermeasures, including shooting down US bombers even if they are not in its airspace.

Developing Asia is on track to grow faster this year and next, the Asian Development Bank said, buoyed by a pick-up in world trade and China's expansion, but it flagged risks from tightening US monetary policy. Developing Asia is expected to grow by 5.9% and 5.8% in 2017 and 2018, respectively, the Manila-based lender said. India's growth was seen at 7% and 7.4% for this year and next, weaker than the July forecasts of 7.4% and 7.6%.

Crude-oil prices settled sharply higher yesterday, 25 September 2017, lifting Brent crude to a more than two-year high and West Texas Intermediate crude into a bull market and its highest finish in about five months.

Back home, trading for the week started on a subdued note as key benchmark indices settled with modest losses yesterday, 25 September 2017, as weakness in global stocks dampened sentiment. The Sensex lost 295.81 points or 0.93% to settle at 31,626.63, its lowest closing level since 29 August 2017.

Prime Minister Narendra Modi has set up a economic advisory council, the government said yesterday, 25 September 2017, as concerns grow about a slowdown in Asia's third largest economy. The new council, headed by Bibek Debroy, a member of Modi's federal think tank Niti Aayog, will address “issues of macroeconomic importance” and present its views to the prime minister.

Power stocks will be in focus as Prime Minister, Narendra Modi, yesterday, 25 September 2017, launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or Saubhagya, at New Delhi. The aim of this scheme is to provide power to all homes.

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25-Sep-2017 (08:38)Market may open with small gains

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 33.30 points at the opening bell despite weakness in Asian stocks.

Trading could be volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month September 2017 series to October 2017 series. The near month September 2017 derivatives contract expire on Thursday, 28 September 2017.

Overseas, most Asian stocks dropped as investors digested elections in Germany and New Zealand over the weekend. German Chancellor Angela Merkel's Christian Democratic Union party looked set to remain the largest party in the next German parliament, according to a Sunday, 24 September 2017, exit poll. Elsewhere, the New Zealand election saw Prime Minister Bill English's National Party win the most votes, although it came short of securing a majority in parliament.

Japanese manufacturing activity expanded in September at the fastest pace in four months. The Markit/Nikkei Japan Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 52.6 in September from a final 52.2 in August.

US stocks bounced late in the session, paring early losses and ending little changed on Friday, 22 September 2017, as investors shook off the latest bellicosities between North Korean and US leaders. In the latest economic data, a read on manufacturing inched higher in September, while a read on the services sector was down slightly.

Back home, market registered strong losses in the last trading session of the week on Friday, 22 September 2017, amid geopolitical tensions. The Sensex lost 447.60 points or 1.38% to settle at 31,922.44, its lowest closing level since 11 September 2017.

Among corporate news, Tata group companies will be in focus. Shareholders of Tata Sons, the holding company of the Tata group, yesterday, 21 September 2017 voted in favour of turning it into a private limited company despite vehement opposition from ousted chairman Cyrus Mistry's family firms that own a minority stake. The development implies that Mistry's Shapoorji Pallonji group won't be able to sell its minority stake in Tata Sons without board approval.

InterGlobe Aviation announced that a committee of the Board of Directors approved allotment of 3.35 crore equity shares to qualified institutional buyers at an issue price of Rs 1,130 per share. The announcement was made after market hours yesterday, 21 September 2017.

Indian Bank announced that the board of directors approved issuance of 7-year long term bonds amounting to Rs 2000 crore in tranches out of the Rs 5000 crore. The announcement was made after market hours yesterday, 21 September 2017.

The market settled with small losses yesterday, 21 September 2017 amid subdued trading on Asian bourses after the outcome of the Federal Reserve meeting. The Sensex fell 30.47 points or 0.09% to settle at 32,370.04, its lowest closing level since 15 September 2017.

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21-Sep-2017 (08:20)Key indices may decline in early trade

Market may edge lower in early trade tracking weakness in Asian bourses. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 21 points at the opening bell.

Overseas, most Asian stocks edged lower after the dollar and US Treasury yields spiked following big news out of the Federal Reserve. US stocks closed at record highs yesterday, 20 September 2017, after the Federal Reserve indicated another rate hike this year was possible and that it would begin the unwinding of its balance sheet next month.

US central bank, at the conclusion of its two-day monetary policy meet yesterday, 20 September 2017 left rates unchanged. Fed stated that it will begin in October rolling off its $4.5 trillion balance sheet, most of which consists of the Treasuries and mortgage-backed securities.

Among corporate news, Reliance Industries' (RIL) subsidiary Reliance Jio Infocomm (Jio) issued a press release to the stock exchanges in response to queries from media. Jio said it is committed to implementing the most efficient telecommunications network in India and passing on the benefits of technology to Indian customers. Jio offers free voice services to all its customers backed by a superior technology and has helped make India the world's largest mobile data consuming country within one year of commencement of services.

Implementation of Bill & Keep regime will help in making services more affordable for Indian customers, Jio said. It should have been implemented in 2014 as envisaged in the 2011 Report submitted by TRAI to the Supreme Court and will be six years too late, it added.

Jio said it has always offered free voice services to its customers. There is no question of any advantage from the new interconnect usage charge (IUC) regulation to Jio as it has already passed on all the benefits to customers. It denied any benefits to Jio. At a time when the world is moving towards IP-based technologies, cost of voice has come down to a fraction of a paisa and the customers should enjoy this advantage, Jio said.

References to financial stress in the industry or the need for IUC to promote rural coverage again shows the attitude of the incumbent operators wherein IUC is being treated as a subsidy that the Indian customers must pay to sustain these operators financially, Jio said. On the contrary, it is a fact that the high cost IUC regime thus far has caused financial stress for the smaller and new operators, it added.

Technology is fast determining growth opportunities in the world. It is the responsibility of all the operators and other stakeholders to work together to achieve the vision of Digital India and transform the digital landscape of India. A forward-looking regulatory regime will contribute in achieving that vision, Jio said. The announcement was made after market hours yesterday, 20 September 2017.

Key benchmark indices settled near the flat line in a range-bound trading session yesterday, 20 September 2017. The Sensex had fallen 1.86 points or 0.01% to settle at 32,400.51, its lowest closing level since 15 September 2017.

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20-Sep-2017 (08:19)Indices may open lower

Market may edge lower in early trade. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 11.50 points at the opening bell.

Overseas, Asian stocks traded mixed as investors awaited clues from the outcome of Federal Reserve monetary policy meeting later in the global day. US stocks closed at record high yesterday, 19 September 2017 as the Federal Reserve kicked off a two-day monetary policy meeting yesterday.

Market participants are largely expecting interest rates to remain unchanged. However, Fed is expected to announce the unwinding of its $4.5 trillion balance sheet.

Among corporate news, Infosys announced that Infosys Finacle, a part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys announced its partnership with Niki.ai, a FinTech start-up that offers chat based commerce solutions. With this partnership, Finacle solution suite will be available with Niki.ai's chat-based virtual assistant – Niki. This offering will enable banks to offer its customers a virtual banking assistant for shopping products and services. The announcement was made after market hours yesterday, 19 September 2017.

Hindustan Copper announced that it signed an memorandum of understanding (MoU) with National Aluminium Company and Mineral Exploration Corporation on 18 September 2017 to explore the possibility of forming a joint venture company for exploration of primarily strategic minerals overseas and sale of these minerals in India and other countries for commercial use. The announcement was made after market hours yesterday, 19 September 2017.

Key benchmark indices closed the lackluster trading session near the flat line yesterday, 19 September 2017. The Sensex had fallen 21.39 points or 0.07% to settle at 32,402.37, its lowest closing level since 15 September 2017.

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19-Sep-2017 (08:19)Market may edge lower in early trade

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 17.50 points at the opening bell.

Overseas, most Asian stocks edged higher as investors awaited clues from the Federal Reserve on future monetary policy. US stocks registered fresh record closing high yesterday, 18 September 2017 as investors looked ahead to the outcome of a key Federal Reserve meeting tomorrow, 20 September 2017. Market participants are largely expecting interest rates to remain unchanged. However, Fed is expected to announce the unwinding of its $4.5 trillion balance sheet.

Among corporate news, Infosys and The CMA CGM Group, a world leader in container shipping announced a strategic seven-year partnership which will simplify and transform CMA CGM's IT applications and improve customer service experience. The announcement was made after market hours yesterday, 18 September 2017.

NHPC informed that TLDP-III (132 MW) and TLDP-IV (160 MW) power stations in West Bengal, which were under complete shutdown from 12 July 2017 and 13 July 2017, were restored on 15 September 2017 and 14 September 2017 respectively. TLDP-III had contributed 4.89% of the company's total revenue in FY 2017 while TLDP-IV contributed 2.22% of the company's total revenue in FY 2017. The announcement was made after market hours yesterday, 18 September 2017.

In the economic news, the number of foreign tourist arrivals (FTAs) rose 11% to 7.24 lakh in August 2017 over August 2016, data released by the Ministry of Tourism after market hours yesterday, 18 September 2017 showed.

Market registered modest gains in a broadly firm session of trade yesterday, 18 September 2017. The Sensex had risen 151.15 points or 0.47% to settle at 32,423.76, its highest closing level since 2 August 2017.

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18-Sep-2017 (08:14)Market may open higher on strong global cues

Market is seen opening higher on strong global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 55.50 points at the opening bell.

Overseas, Asian stocks edged higher as investors anticipated clues on the direction of monetary policy from central banks later in the week. Japan markets are closed for a public holiday.
US stocks rose to record levels on Friday, 15 September 2017. The Federal Reserve interest rate decision is scheduled on Wednesday, 20 September 2017.

Among global events, European Union economic and financial affairs ministers held an informal meeting in Tallinn, Estonia on Friday, 15 September 2017 and emphasized that the strength of the entire EU is dependent on the strength of the economic and monetary union. The implementation of the Greek programme and the third review dominated the meeting, noted Eurogroup president Jeroen Dijsselbloem at a press conference after the end of the meeting, as per reports.

Among corporate news, Wipro announced plans to deliver the Wipro BoundaryLess Data Center (BLDC) solution built on Hewlett Packard Enterprise (HPE) ProLiant for Microsoft Azure Stack to help customers expand their infrastructure capabilities beyond the traditional walls of the enterprise datacenter. The announcement was made after market hours on Friday, 15 September 2017.

Among economic data, India's merchandise exports increased 10.3% to $23.82 billion in August 2017 over a year ago. Meanwhile, merchandise imports jumped 21% to $35.46 billion. The trade deficit galloped 51.1% to $11.64 billion in August 2017 from $7.71 billion in August 2016, data released by the government after trading hours on Friday, 15 September 2017 showed.

As per the data released by the Reserve Bank of India, India's services exports increased 3.2% to $13.18 billion in July 2017 over July 2016. Meanwhile, India's services imports declined 1% to $7.33 billion in July 2017. India's services trade surplus improved 8.9% to $5.84 billion in July 2017 from $5.37 billion in July 2016.

Key benchmark indices settled near the flat line in what was a largely range-bound session of trade on Friday, 15 September 2017. The Sensex had risen 30.68 points or 0.1% to settle at 32,272.61, its highest closing level since 7 August 2017.

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15-Sep-2017 (08:09)Market may decline on weak global cues

Market is seen opening lower on weak global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 62 points at the opening bell.

Overseas, most Asian stocks edged lower after North Korea launched a missile in the direction of the east. As per reports, the unidentified missile flew over Japan before landing 2,000 km east of Hokkaido. US equities closed mostly lower yesterday, 14 September 2017 after strong inflation data raised the possibility of tighter monetary policy from the Federal Reserve. However, the Dow index closed at its record high.

Among corporate news, Wipro announced that it has joined The Linux Foundation as a Silver Member. The Linux Foundation is a nonprofit organization enabling mass innovation through open source technologies. Wipro has identified open source technologies as one of the strategic client themes to drive transformation across the enterprise. The announcement was made after market hours yesterday, 14 September 2017.

Separately, Wipro announced that it has been awarded a 7-year contract by Innogy SE to manage their data center and cloud services. Innogy SE is an established European energy company. The announcement was made before market hours today, 15 September 2017.

Key benchmark indices ended a volatile trading session with small gains yesterday, 14 September 2017. The Sensex had risen 55.52 points or 0.17% to settle at 32,241.93, its highest closing level since 7 August 2017.

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14-Sep-2017 (08:00)Shares may decline on mixed Asian cues

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 13.50 points at the opening bell.

Overseas, Asian stocks were mixed ahead of the US inflation report for August. Financial markets are on tenterhooks ahead of a run of data due later today, 14 September 2017, from China, including factory output, fixed asset investment and retail sales.

US market edged higher overnight, but trading was subdued as investors searched for catalysts that could breathe new life into the rally.The S&P 500 added 1.89 points to finish at 2,498.37. The Dow Jones Industrial Average edged up 39.32 points, or 0.2%, to end at 22,158.18 while the Nasdaq Composite Index rose 5.91 points to close at 6,460.19.

Among corporate news, IT major Wipro has become the official technology provider to McLaren Technology Group to help drive digitalisation across its businesses. Wipro will assist McLaren with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability. As part of this multi-year partnership, Wipro will leverage the Wipro HOLMESTM artificial intelligence platform and its next-generation managed services framework to offer flexibility and boost the productivity of McLaren's fast growing automotive and high-tech businesses. The announcement was made before trading hours today, 14 September 2017.

Key benchmark indices closed with divergent trend after a highly volatile trading session yesterday, 13 September 2017. The barometer index, the S&P BSE Sensex, rose 27.75 points or 0.09% to settle at 32,186.41. The Nifty 50 index fell 13.75 points or 0.14% to settle at 10,079.30. The Sensex gained for fifth day in a row while the Nifty snapped 4-day gains today, 13 September 2017.

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13-Sep-2017 (07:54)Market may correct on mixed Asian cues

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 16 points at the opening bell, tracking mixed cues from other Asian stocks.

Overseas, Asian stocks were mixed. All three major US stock indexes booked all-time closing highs on Tuesday, 12 September 2017. It marks the first time all three benchmarks finished at records on the same day since 26 July 2017. The Dow Jones Industrial Average rose 61.49 points, or 0.3%, to finish at 22,118.86. The S&P 500 added 8.37 points, or 0.3%, to close at 2,496.48. The Nasdaq Composite Index finished up 22.02 points, or 0.3%, at 6,454.28.

India's industrial production rose 1.2% in July 2017 over July 2016, while snapping 0.2% decline for June 2017. The growth for June 2017 has been revised downwards to -0.2% from -0.1% reported earlier. The data was unveiled after market hours yesterday, 12 September 2017.

The all-India general consumer price index (CPI)-based inflation accelerated to 3.36% in August 2017, compared with 2.36% in July 2017. The data was unveiled after market hours yesterday, 12 September 2017.

Among corporate news, ICICI Bank said that the Committee of Executive Directors of the bank at its meeting held yesterday, 12 September 2017 has approved the proposal for fund raising by way of issuance of Basel III compliant unsecured subordinated perpetual Additional Tier 1 Bonds. The announcement was made after market hours yesterday, 12 September 2017.

Jet Airways (India)'s net profit rose 106.72% to Rs 53.50 crore on 9.92% rise in net sales to Rs 5648.87 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 12 September 2017.

Key benchmark indices spurted yesterday, 12 September 2017, as positive global cues boosted investors' sentiment on the domestic bourses. The barometer index, the S&P BSE Sensex, gained 276.50 points or 0.87% to settle at 32,158.66. The Nifty 50 index gained 87 points or 0.87% to settle at 10,093.05. The Sensex settled above the psychologically important 32,000 mark. Key equity benchmarks gained for fourth day in a row today, 12 September 2017. All the nineteen sectoral indices on BSE were in the green.